Dynamical corporate finance: an equilibrium approach
Material type:
TextSeries: Contributions to Finance and Accounting (CFA)Publication details: Cham Springer 2021 Description: viii, 201 pISBN: 9783030778552Subject(s): Corporate finance | Valuation | Financial policiesDDC classification: 658.15 Summary: The way in which leverage and its expected dynamics impact on firm valuation is very different from what is assumed by the traditional static capital structure framework. Recent work that allows the firm to restructure its debt over time proves to be able to explain much of the observed cross-sectional and time-series variation in leverage, while static capital structure predictions do not. The purpose of this book is to re-characterize the firm’s valuation process within a dynamical capital structure environment, by drawing on a vast body of recent and more traditional theoretical insights and empirical findings on firm evaluation, also including asset pricing literature, offering a new setting in which practitioners and researchers are provided with new tools to anticipate changes in capital structure and setting prices for firm’s debt and equity accordingly.
(https://link.springer.com/book/10.1007/978-3-030-77853-8#about-this-book)
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Indian Institute of Management LRC General Stacks | Finance & Accounting | 658.15 SAG (Browse shelf(Opens below)) | 1 | Available | 005631 |
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| 658.15 ROS Corporate finance | 658.15 ROS Corporate finance | 658.15 RUP Statistics and data analysis for financial engineering : | 658.15 SAG Dynamical corporate finance: an equilibrium approach | 658.15 SIN Corporate accounting: theory and practice | 658.15 SUM Where's the Moolah?: | 658.15 TIR The theory of corporate finance |
The way in which leverage and its expected dynamics impact on firm valuation is very different from what is assumed by the traditional static capital structure framework. Recent work that allows the firm to restructure its debt over time proves to be able to explain much of the observed cross-sectional and time-series variation in leverage, while static capital structure predictions do not. The purpose of this book is to re-characterize the firm’s valuation process within a dynamical capital structure environment, by drawing on a vast body of recent and more traditional theoretical insights and empirical findings on firm evaluation, also including asset pricing literature, offering a new setting in which practitioners and researchers are provided with new tools to anticipate changes in capital structure and setting prices for firm’s debt and equity accordingly.
(https://link.springer.com/book/10.1007/978-3-030-77853-8#about-this-book)
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